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cliff with republican leaders john boehner and mitch mcconnell and democratic leaders harry reid and nancy pelosi. returning to capitol hill mitch mcconnell went to the senate floor saying he is optimistic there can be a deal. he believes it can come by sunday afternoon, and at that point he would go back to the president with whatever it is he and reid are agreeing to. he said's optimistic that the next 24 hours are critical. however, tennessee senator bob cochran says even if a deal does get done don't expect too much. >> we're goakd up with a small kick the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> the president did say deja vu all over again. if corker is right, we are going to say some of the same machinations we've seen before. if it doesn't happen, the president wants that up or down vote on his plan. >> remember night, monday night is new year's eve when it all could go bad. >> and happy new year to you. >> thank you, gary. >>> and economists are warning that going over that fiscal cliff could pull us all back into recession.
cliff with republican leaders john boehner and mitch mcconnell and democratic leaders harry reid and nancy pelosi. returning to capitol hill mitch mcconnell went to the senate floor saying he is optimistic there can be a deal. he believes it can come by sunday afternoon, and at that point he would go back to the president with whatever it is he and reid are agreeing to. he said's optimistic that the next 24 hours are critical. however, tennessee senator bob cochran says even if a deal does get...
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to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached by december 31st and extraordinary measures would have to be taken to avoid default on the government's loans. danielle nottingham, cbs 5, washington. >> tomorrow's meeting with the president will be the first time president obama sat down with all four leaders since november 16th. and tonight, senator mitch mcconnell said that he was interested in hearing what the president proposes, elizabeth. >> sounds like right now there's a lot of finger- pointing but not a lot of problem-solving. >> reporter: exactly. and both sides again today, house speaker john boehner, he was saying that to his house republicans on the conference call he said, look
to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached by december 31st and...
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. >> we're falling over that fiscal cliff. >> republicans simply can't utter the word yes. >> the president is, i believe, slowing down the process. >> they have no strategy. they don't know what they want. >> kim kardashian is pregnant. >> a lot of democrats get mad at me. >> no deal is better than a bad deal. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> hats off to the president. >> as of this point is looks like i'm going to be spending new year's here in d.c. i can come to your house? is that what you're saying? >> happy new year! >>> grab your party hats, chill the bubbly. just eight hours to go. yes, we are all waiting to cue the confetti with hopes for a last-minute deal to avert the fiscal cliff. with sweeping tax hikes and spending cuts set to take effect at midnight, frantic negotiations are ongoing at this hour with the president teasing the prospect of a deal on at least part of the cliff just hours ago. >> it appears that an agreement to prevent this new year's tax hike is within sight, but it's not done. we w
. >> we're falling over that fiscal cliff. >> republicans simply can't utter the word yes. >> the president is, i believe, slowing down the process. >> they have no strategy. they don't know what they want. >> kim kardashian is pregnant. >> a lot of democrats get mad at me. >> no deal is better than a bad deal. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> hats off to the...
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. >>> if bridging the partisan divide wasn't challenge enough, get ready because the fiscal cliff is far from a done deal. vice president joe biden and mitch mcconnell brokered a deal and, yes, it cleared the senate late last night. but no, the republican-controlled house of representatives hasn't voted on this yet. they are going to convene in about 30 minutes. house democratic caucus is meeting in less than an hour while the house gop leaders are meeting at 1:00 p.m. eastern time. both parties undoubtedly laying the groundwork for the fiscal cliff showdown that will unfold between its 435 house members. one of those members is democratic congressman from michigan. he's kind enough to join me. thank you for being with us today. first of all, if you could get me up to speed on the decision to make a decision v you heard anything about the possibility there might be a vote today with your members? >> i haven't heard directly. i think there will be. i think the vote last night in the senate set the stage. it was overwhelming. we're going to have a caucus democrats and republicans will
. >>> if bridging the partisan divide wasn't challenge enough, get ready because the fiscal cliff is far from a done deal. vice president joe biden and mitch mcconnell brokered a deal and, yes, it cleared the senate late last night. but no, the republican-controlled house of representatives hasn't voted on this yet. they are going to convene in about 30 minutes. house democratic caucus is meeting in less than an hour while the house gop leaders are meeting at 1:00 p.m. eastern time....
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the first step in the fiscal cliff ought to be a republican discussion about what they were and were not willing to do. that did that seem to take place until earlier this week. the conversation was inconclusive. the one thing that has not happened yet, democrats have provided the votes on a lot of budget-related matters over the years but it was only after the tea party gave boehner permission to negotiate with the democrats -- those circumstances have to happen. we see you pushed as hard as you could. we now need to get something done. we're going to vote against this but work with the democrats. host: we have spoken to a number of republicans who say that the problem is spending. the government needs to cut spending. that is where we need to go in terms of reducing the deficit. guest: that is true, we need to cut spending, but there is some conflicting other couple issues. we to cut long-term spending on retirement programs to make them more in line with economic growth, not make them grow that much more quickly than economic growth. all the things that the republican house has pa
the first step in the fiscal cliff ought to be a republican discussion about what they were and were not willing to do. that did that seem to take place until earlier this week. the conversation was inconclusive. the one thing that has not happened yet, democrats have provided the votes on a lot of budget-related matters over the years but it was only after the tea party gave boehner permission to negotiate with the democrats -- those circumstances have to happen. we see you pushed as hard as...
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deal aimed at at least portions of the fiscal cliff on overting tax hikes on middle income americas. they're still vague about delaying across-the-board spending cuts known as the sequester. stay with msnbc for more updates. now back to "hardball." >> let's dig into the turning points of general election. first up, the video that turned out to be the low point for the romney campaign. the candidates taped campaigns that half the americans are lazy. it's known as the 47% video. let's listen again. >> . >> never trust the caterers. anyway, republican national chairman committee man. i say that because i could not have been somebody who paid 1 $10,000 to go 234 there and then hurt the guy. >>> if u you're right about this election, it's the numbers. first of all, they occupy people. 1 pnt. all of the sudden, 1% became the thing to talk about. and then the 47% being anybody who's on any kind of government benefit program. whether it's disability or retirement or military or pension. everything was panted as bad. where did he get that number? >> well, look, you know, this election was all
deal aimed at at least portions of the fiscal cliff on overting tax hikes on middle income americas. they're still vague about delaying across-the-board spending cuts known as the sequester. stay with msnbc for more updates. now back to "hardball." >> let's dig into the turning points of general election. first up, the video that turned out to be the low point for the romney campaign. the candidates taped campaigns that half the americans are lazy. it's known as the 47% video....
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we look like at the fiscal cliff, the house republicans are meeting to chart a way forward. the senate passed legislation with overwhelming support this morning. the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live behind the doors meeting at this hour, they are planning a vote series at some time. but we don't know when. it may include amending the senate bill and sending it back to the senate. meantime, house democrats are demanding a straight up-or-down vote on what came over from the senate. the late-breaking developments leaving the automatic spending cuts and tax increases tied to the fiscal cliff still in play right now. in a desperate race against a different clock, we have another free-flowing, fluid situation tonight. likely a lot of breaking news from capitol hill. we begin with fox tea
we look like at the fiscal cliff, the house republicans are meeting to chart a way forward. the senate passed legislation with overwhelming support this morning. the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live...
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in that immediate action is needed to avert falling off the fiscal cliff. he says that he is optimistic for an agreement, but neither republicans or democrats will get 100% of what they want. earlier today, the president met with congressional leaders at the white house. a closed-door meeting, here is what the president said just a short time ago. >> we are going to construct a discussion with senate and house leadership of how to prevent this tax hike on the middle class. i am optimistic that we may still be able to reach an agreement that can pass both houses in tme. senator reid and senator mcconnell are working on such an agreement as we speak we want congress taking up that issue now. in the meantime, the war on tracking, lisa jackson announced her plan to quit january 31. leading to questions as to who obama will choose to replace her. taking a more realistic approach. let ask john hiatt meister. >> with us tonight we go to john hiatt meister. we want to focus on tracking. do you tink a new epa chief old crackdown on tracking? or will they move ahead
in that immediate action is needed to avert falling off the fiscal cliff. he says that he is optimistic for an agreement, but neither republicans or democrats will get 100% of what they want. earlier today, the president met with congressional leaders at the white house. a closed-door meeting, here is what the president said just a short time ago. >> we are going to construct a discussion with senate and house leadership of how to prevent this tax hike on the middle class. i am optimistic...
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government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> we
government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary...
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government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> w
government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary...
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a senior democratic source saying the white house has a deal with republicans to avoid the fiscal cliff. a deal in the senate. however, there are still some questions about senate democrats which is why vice president biden s now and capitol hill we are told by sources to essentially get some of the liberal democrats to sign on to the deal avoiding the fiscal cliff. as you look live at the capitol dome, the light on top of the dome is lit because the congress s in session. but we haven't seen the piece of legislation move forward, the specifics. as you look live, vice president biden walked into the democratic caucus meeting there just beyond where the reporters are standing there by the microphones and said happy new year, happy new year, isn't it great that you all are here tonight. so what about this deal that is shaping up? the house will not be taking it up tonight. they have adjourned for the night and they will reconvene in 2013. actually you noon tomorrow the house will come back. essentially the u.s. will go over the fiscal cliff. but what about this deal that is shaping up and
a senior democratic source saying the white house has a deal with republicans to avoid the fiscal cliff. a deal in the senate. however, there are still some questions about senate democrats which is why vice president biden s now and capitol hill we are told by sources to essentially get some of the liberal democrats to sign on to the deal avoiding the fiscal cliff. as you look live at the capitol dome, the light on top of the dome is lit because the congress s in session. but we haven't seen...
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will senate republicans embrace the latest framework for a fiscal cliff deal? also how failure to get a fiscal cliff deal could lead to a mortgage rate free fall. "piles of money" coming up. ♪ [ male announcer ] how could switchgrass in arntina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we undetand the connections of a comple global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with cfidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. adam: in the mid of all the fiscal cliff frustration there is actually a silver lining. if your knew year's resolution to purchase a house you may be in luck. on again, off again deal may be pushing mortgage rates even lower. average fixed year is.35%, that is according to freddie mac. that may not be the bottom. with me team invements president and founder. we appreciate you be
will senate republicans embrace the latest framework for a fiscal cliff deal? also how failure to get a fiscal cliff deal could lead to a mortgage rate free fall. "piles of money" coming up. ♪ [ male announcer ] how could switchgrass in arntina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we undetand the connections of a comple global economy. it's just one reason over 75% of our mutual funds beat their...
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gerri: we have been saying, congress will not need the midnight deadline to avert the fiscal cliff. congress will not. the negotiations continue into tomorrow. let's bring in a congressman who will be critical to the process. republican of wisconsin, a member of the house budget committee. welcome back to the show. great to see you here. first, breaking news detail i want to get your reaction to. we just heard the vice-president will meet with senate democrats tonight. what do you think that's about? >> i'm not exactly sure. unless they're having some type of problem with the spending side of the equation, i never have reached some type of agreement on taxes, but i know that makes mcconnell was working with vice-president biden on the spending side. and so there may be some person that has to go on the senate democrats to get the bill passed gerri: arm-twisting everywhere. let's talk about this potential deal as it has been outlined to us. we would have tax hikes on folks with incomes above 400,000 if your single, above water and 50,000 if you're a couple. permanent patch to anc, th
gerri: we have been saying, congress will not need the midnight deadline to avert the fiscal cliff. congress will not. the negotiations continue into tomorrow. let's bring in a congressman who will be critical to the process. republican of wisconsin, a member of the house budget committee. welcome back to the show. great to see you here. first, breaking news detail i want to get your reaction to. we just heard the vice-president will meet with senate democrats tonight. what do you think that's...
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i think they'll tell you another story. >> fellow republicans discuss the fiscal cliff deal. sheila jackson from texas was in the room with the democrats. she joins me now. congresswoman. happy new year. >> happy new year, chris, to you, and happy new year to mesh. >> well, i know you ducked out of the meeting, but can you give us a sense of what it was like in that room? >> i certainly can. first of all, let me thank president obama and vice president biden working as a team on behalf of the american people and for showing the extent of patience that they've had to show over these last couple of months and certainly since august of 2011. there's about an a great deal of patience, and i think as the meeting has begun with the vice president he was appropriately respectful of how challenging an effort this was, but more importantly, how important this was for the american people and the trust that was given to him by the president and leader reid to engage with jord leader mcconnell who had heretofore, if you will, joined with the chorus of naysayers not wanting to do figure.
i think they'll tell you another story. >> fellow republicans discuss the fiscal cliff deal. sheila jackson from texas was in the room with the democrats. she joins me now. congresswoman. happy new year. >> happy new year, chris, to you, and happy new year to mesh. >> well, i know you ducked out of the meeting, but can you give us a sense of what it was like in that room? >> i certainly can. first of all, let me thank president obama and vice president biden working as a...
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play brinkmanship with the fiscal cliff. one gop senator is throwing gasoline on the fire, wyoming's john barrasso said quote that the president is doing nothing about the addiction that he has toward spending. let's bring in a.d. stoddard to get her perspective. let's start off by saying what we've heard, the setback, tounder state it, it doesn't sound good, does it? >> no, it doesn't. but this kind of thing does happen a lot towards the end. et cetera always darkest before the dawn and deals have been saved from the rubble like this before. i think that what you're seeing from the republican side is what candy was talking about. previously, a desperate need to be able to find something that they can tell their constituents they supported in terms of cuts. >> it's lot of money to get the unemployment checks going again. to fix the medicare, which is going to raise, cut their pay by almost 30%. a lot of money needs to be found. even as they, to tax some wealthy at the top brackets, there's not enough money in the pot. so the
play brinkmanship with the fiscal cliff. one gop senator is throwing gasoline on the fire, wyoming's john barrasso said quote that the president is doing nothing about the addiction that he has toward spending. let's bring in a.d. stoddard to get her perspective. let's start off by saying what we've heard, the setback, tounder state it, it doesn't sound good, does it? >> no, it doesn't. but this kind of thing does happen a lot towards the end. et cetera always darkest before the dawn and...
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now, is there a value to kicking the can down the road in avoiding the fiscal cliff? yes. but if they go over the cliff and then fix it in the next week with another stopgap, is there any real harm? who knows. if that make it is easier for republicans to vote for it, is it a disaster? probably not. but understand we had seven weeks in which we could have a done a big deal which would have gotten the debt under control, would have caused the economy to -- it would have been a catalyst to have this economy take off, and we blew it. we blew it. >> you know, governor dean, to that point here we are essentially looking over the abyss of the fiscal cliff, and i know you have said in the past let's just go over the cliff and start from scratch. do you still think that's the way to go? >> i do. actually, i hope they never come to a deal because this is the best deficit reduction package the democrats are ever going to get. but let's look at what really is going to happen here. i would be more surprised if they came to a deal in the next five days than i was by the roberts vote on
now, is there a value to kicking the can down the road in avoiding the fiscal cliff? yes. but if they go over the cliff and then fix it in the next week with another stopgap, is there any real harm? who knows. if that make it is easier for republicans to vote for it, is it a disaster? probably not. but understand we had seven weeks in which we could have a done a big deal which would have gotten the debt under control, would have caused the economy to -- it would have been a catalyst to have...
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cliff deal continued, but house republican leaders opted not to vote on anything tonight. that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holman: we're tracking instagram with the hashtag "nye" to see how people around the world are ringing in 2013. tag yours tonight to be a part of our interactive map. on "ask larry," our social security sage offers tips on maximizing benefits for you and your spouse. and from our partners at kaiser health news, what the new health care law says about gun ownership. all that and more is on our web site, newshour.pbs.org. ray? >> suarez: and that's the newshour for tonight. on tuesday, we have an update on the ongoing recovery efforts in the devasta
cliff deal continued, but house republican leaders opted not to vote on anything tonight. that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be...
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i'm richard lui, you're watching msnbc's continuing coverage of the fiscal cliff deal. eric cantor emerging from a meeting saying he does not support the senate-passed bill. house speaker bonn janer is not likely to bring the senate bill to the floor without changes is what we're hearing and in a statement boehner's spokesman said the speaker and leader laid out options to the members and listened to feedback. the lack of spending cuts in the senate bill was our universal concern amongst members in today's meetings. conversations will continue throughout the afternoon on the path forward. outgoing republican congressman steven latourette told nbc's luke russert the senate bill did not stand much of a bill in the house. take a listen. >> i think it's a little unreasonable for senator reid to say that something they produced on new year's eve, produced by a bunch of sleep-deprived octogenarians is what we should adopt within 48 hours. >> laetset's bring in mike viqu. we understand there have been meetings throughout the afternoon. >> reporter: the future of this bill, the
i'm richard lui, you're watching msnbc's continuing coverage of the fiscal cliff deal. eric cantor emerging from a meeting saying he does not support the senate-passed bill. house speaker bonn janer is not likely to bring the senate bill to the floor without changes is what we're hearing and in a statement boehner's spokesman said the speaker and leader laid out options to the members and listened to feedback. the lack of spending cuts in the senate bill was our universal concern amongst...
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cliff, however, republicans are going to have to acquiesce, we will have some tax hikes, i think probably 750,000 and above i think that's the number, but what republicans are holding back the debt ceiling debate and cutti cutti cutting entitlement programs and they're going to use that later in the year. >> kelly: mark, the final word. >> if angela's prediction sort of come through-- and i hope it does, the republicans and senate negotiate, and republicans and congress will be responsible for the largest tax increst on all americans in modern american history and that would be unfortunate and soon talk about obama tax cuts when we talk about the middle class america. >> kelly: and the 113th congress coming into office in january. and angela and mark, thank you for sharing insights on this tough, tough situation for us. thank you. >> thank you, kelly. >> kelly: thank you. >> to a fox news alert. new details on the deadly plane crash out of russia. police now say that four crew members are dead, and four others have been injured after an airliner landing into one of moscow's international
cliff, however, republicans are going to have to acquiesce, we will have some tax hikes, i think probably 750,000 and above i think that's the number, but what republicans are holding back the debt ceiling debate and cutti cutti cutting entitlement programs and they're going to use that later in the year. >> kelly: mark, the final word. >> if angela's prediction sort of come through-- and i hope it does, the republicans and senate negotiate, and republicans and congress will be...
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>> i think there's a chance he will br just right enough to get something done on the fiscal cliff. we saw the president this harch meet with the bipartisan leadership in congress. remember the republicans because of the intransigence we talked about their caucus sought the speaker es plan for a plan b. that weakened the republican negotiating position . and now the president has maximum leverage because the tax cuts are due to expire by the end of the year. mitch mcconnell said he was hopeful and optimistic that they could get a deal that they could pass. the reason that that could happen if mitch mcconnell lets it happen, john boehner may feel no option but to put that on the floor for pass adge whether or not most republicans are for it. that would be the realization of that -- >> wouldn't that violate the principle that would have govern the policy that nothing wowlingd pass unless the yort of the majority support it. >> it would violate the principle. some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the f
>> i think there's a chance he will br just right enough to get something done on the fiscal cliff. we saw the president this harch meet with the bipartisan leadership in congress. remember the republicans because of the intransigence we talked about their caucus sought the speaker es plan for a plan b. that weakened the republican negotiating position . and now the president has maximum leverage because the tax cuts are due to expire by the end of the year. mitch mcconnell said he was...
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even though republicans and democrats have agreed on a plan for tax rates as one part of the fiscal cliff negotiations, there will be no vote on such a plan in the house tonight. the lower chamber has adjourned until tomorrow at noon. but over in the senate, lawmakers say they could see a vote on that agreement some time before morning. >> i think there is going to be an attempt to try to bring this to the floor this evening. and so you're probably talking several hours before it would come to the floor. but i think they're going to do that decision. >> senator corker was echoed by senator tom coburn of oklahoma who explained why after weeks of no movement in congress there is a sudden push to get a deal done. here is with cnbc's larry kudlow. >> let me ask you, sir. do you think tonight there will be a senate vote on some kind of deal? >> well, i think there should be very late tonight or early in the a.m., even if this gets enacted in the next couple of days, it's all going to be retroactive to january 1st. but the very point of it is when you have a deal of this nature, you need to get
even though republicans and democrats have agreed on a plan for tax rates as one part of the fiscal cliff negotiations, there will be no vote on such a plan in the house tonight. the lower chamber has adjourned until tomorrow at noon. but over in the senate, lawmakers say they could see a vote on that agreement some time before morning. >> i think there is going to be an attempt to try to bring this to the floor this evening. and so you're probably talking several hours before it would...
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to avert the fiscal cliff. and nbc's white house correspondent peter alexander joins me now. republicans saying, oh, the president is having a deal. the president is saying no. harry reid is saying no. what do we know? >> i guess we know very little. we know this isn't going to be litigated in the mead ra. but the white house wants to make it very clear that there is no new proposal on the way to its hill today despite the comments from senator scott brown and others today, a senior administration telling me a short time ago, and i quote, there is no proposal being sent up today. i think that does it pretty emphatically. that was the language that came from harry reid just a short time ago. the president is here. we have reached out to aides, as well. they say they have no information that he will be speaking publicly today. we also know as you see him arriving only a matter of hours ago that the vice president, joe biden, has been meeting in the white house, as well. but at this point, that's where things stan
to avert the fiscal cliff. and nbc's white house correspondent peter alexander joins me now. republicans saying, oh, the president is having a deal. the president is saying no. harry reid is saying no. what do we know? >> i guess we know very little. we know this isn't going to be litigated in the mead ra. but the white house wants to make it very clear that there is no new proposal on the way to its hill today despite the comments from senator scott brown and others today, a senior...
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will senate republicans embrace the latest framework for a fiscal cliff deal? also how failure to get a fiscal cliff deal could lead to a mortgage rate free fall. "piles of money" coming up. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just onreason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risksfees and expenses to read and consider carefully before investing. why does my mouth feel dryer than i remember it to be? there are more people taking more medication, so we see people suffering from dry mouth more so. we may see more cavities, bad breath, oral irritation. a drmouth sufferer doesn't have to suffer. i would recommend biotene. the enzymes in biotene products help supplement enzymes that are naturally in saliva. biotene helps m
will senate republicans embrace the latest framework for a fiscal cliff deal? also how failure to get a fiscal cliff deal could lead to a mortgage rate free fall. "piles of money" coming up. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just onreason over 75% of our mutual funds beat...
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now, presumably that means the potential of a fiscal cliff vote. they want to keep members at least in the physical proximity of the capitol building here on new year's eve tonight just in case they might vote. earlier today we saw a big tone change after the president of the united states came out and talked in front of a group of middle class americans. senator john mccain did not react positively to those comments. take a listen to what john mccain had to say earlier today. >> i'm not sure yet as i sort out my impressions of the president's remarks as to whether to be angry or to be saddened. i guess i have to wonder, and i think the american people have to wonder, whether the president really wants this issue resolved or is it to his short-term political benefit for us to go over the cliff? >> so, bill, a lot of raw feelings here on capitol hill. a lot of people frustrated by what's going on and the possibility of being here late on new year's eve. >> indeed. eamon, thanks. if the deal we're hearing about makes it out of the senate, will the ho
now, presumably that means the potential of a fiscal cliff vote. they want to keep members at least in the physical proximity of the capitol building here on new year's eve tonight just in case they might vote. earlier today we saw a big tone change after the president of the united states came out and talked in front of a group of middle class americans. senator john mccain did not react positively to those comments. take a listen to what john mccain had to say earlier today. >> i'm not...
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. >> next, talking about the fiscal cliff. john thune. >> thank you for the update. midafternoon today, senator john thune spoke with reporters on where things stand on the fiscal cliff. >> where do things stand as far as a republican deal? >> republicans advanced a proposal last night and you heard senator mcconnell talk about it on the floor. we're still waiting for a counteroffer. there was an indication we would receive the by 10:00 this morning, but discussions still continue. senator mcconnell and vice president joe biden are continuing to discuss this and we think there still could be a path forward. democrats have come out and made a huge deal out of changing this and republicans are very concerned that it should not be used as an offset to reduce or replace some of the spending cuts that would occur and democrats put forward an alternative. this is a process. there's a lot of give-and-take going on. republicans do not want to see new revenue, democratic tax increases, being used for new spending. that is where many members are drawing the line. >> you all wa
. >> next, talking about the fiscal cliff. john thune. >> thank you for the update. midafternoon today, senator john thune spoke with reporters on where things stand on the fiscal cliff. >> where do things stand as far as a republican deal? >> republicans advanced a proposal last night and you heard senator mcconnell talk about it on the floor. we're still waiting for a counteroffer. there was an indication we would receive the by 10:00 this morning, but discussions...
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democrats and republicans are unable to make a deal to avoid the fiscal cliff. let's get political insight on the recent setback on the fiscal cliff discussions. i'm joined by richard good stein and robert trainm. a former communications director for rick santorum. talks have broken down for the moment. what do you think is going on behind closed doors right now on capitol hill? >> i think a lot more is going on than we know. i think the staff as well as perhaps maybe leader mcconnell and vice president biden and the administration are probably trying to hammer out some type of a deal here. i know there is consternation about the chain cpi. the president said even though this is unpopular i am willing to talk a little bit about chain cpi. now that the president said this let's talk about this and try to compromise here. >> there have been several phone conversations today between senator reid and president obama. what is your take on the white house involvement? >> well, look, obviously the white house is pivotal here. i mean, the president litigated all of thes
democrats and republicans are unable to make a deal to avoid the fiscal cliff. let's get political insight on the recent setback on the fiscal cliff discussions. i'm joined by richard good stein and robert trainm. a former communications director for rick santorum. talks have broken down for the moment. what do you think is going on behind closed doors right now on capitol hill? >> i think a lot more is going on than we know. i think the staff as well as perhaps maybe leader mcconnell and...
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will lead us over the fiscal cliff. i hope that is not what they want us to do. every indication right now is that the republican congress continues to not work in good faith with the president. there is still time left -- i hope they will come to their senses and do the right thing. >> thank you. it is our intent to caucus every day we are here, and we will be engaging with the press after those caucuses as well. i apologize -- we will have to go up and vote. thank you so much. >> we spoke to a capitol hill reporter for an update on negotiations for the fiscal cliff. >> we have had a topsy-turvy day. a lot of sound. not a lot of action. we have democrats who started the day and said, the republicans' three and a demand and benefits are paid out. that was a non-starter. the democrats said we will not move until republicans take that off the table here the republicans say, we put that out in an offer. we are waiting to see where they are. both sides huddled this afternoon with their respective caucuses. they said, we are
will lead us over the fiscal cliff. i hope that is not what they want us to do. every indication right now is that the republican congress continues to not work in good faith with the president. there is still time left -- i hope they will come to their senses and do the right thing. >> thank you. it is our intent to caucus every day we are here, and we will be engaging with the press after those caucuses as well. i apologize -- we will have to go up and vote. thank you so much. >>...
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they're going to talk to us about the fiscal cliff. are they happy or sad? and can they rise above to get a deal done? "closing bell" will be back after this break. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5412. >>> we're getting ever closer to midnight. ticktock, ticktock. despite encouraging signs, there's still no final fiscal cliff deal. e mamon j
they're going to talk to us about the fiscal cliff. are they happy or sad? and can they rise above to get a deal done? "closing bell" will be back after this break. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any...
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. >>> breaking news, house republicans have just wrapped up a meeting to discuss the fiscal cliff deal worked out by vice president joe biden and senate m minority leader mitch mcconnell. the deal which passed overnight will see income taxes rise on individuals making over $450,000 a year, and families making over $550,000 a year. let's listen in now as house democrats speak. >> caucus meeting which -- in which the vice president not only roused the entire membership, but also gave us a very thoughtful and detailed explanation of what's gone on, and how it was that he and the president working with the democratic and republican leaders in both houses were able to come together on this compromise. we first want to say thank you to the vice president for being so gracious. quite honestly, so frank in his conversation with us in explaining as much as he could about what's transpired over the last several weeks. we now are waiting to hear from our republican colleagues, whether or not they want to do what the senate did in a very bipartisan fashion and give the men people an opportunity to
. >>> breaking news, house republicans have just wrapped up a meeting to discuss the fiscal cliff deal worked out by vice president joe biden and senate m minority leader mitch mcconnell. the deal which passed overnight will see income taxes rise on individuals making over $450,000 a year, and families making over $550,000 a year. let's listen in now as house democrats speak. >> caucus meeting which -- in which the vice president not only roused the entire membership, but also...
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where is the house republican conference now in their mentality on making a deal on the fiscal cliff, and is there reason for optimism if something does get produced from the senate sometime today? >> you know, i think there is reason for optimism, first of all, because, chris, you have to remember, we actually passed as part of our budget in the spring an alternative to this possess. we did another such bill in august, and then before we left prayer to plan b, we passed a third bill, so we're glad to see the senate move, and when they do, we'll have something to sink our teeth into. we might not necessarily accept it as-is. there will be some amending, i suppose, lots of debate, but i think that the house is ready to act. the difference between a senate proposal now and plan b last week is that this time we will not need to pass it only on republican votes. we'll have democrats who will be moving forward, and so i think you'll get a vote. >> let me follow-up on that, because i think it's an important point. john boehner's speakership took a hit. you can debate how big or how small. h
where is the house republican conference now in their mentality on making a deal on the fiscal cliff, and is there reason for optimism if something does get produced from the senate sometime today? >> you know, i think there is reason for optimism, first of all, because, chris, you have to remember, we actually passed as part of our budget in the spring an alternative to this possess. we did another such bill in august, and then before we left prayer to plan b, we passed a third bill, so...
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. ♪ >>> house republicans staged a new year's day revolt against the senate bill to avoid the fiscal cliff. good evening. i'm richard lui. you're watching the standoff in washington, d.c. the house gop is meeting at this hour for the second time today. leadership and members are discussing how to move forward on a bill they say need to include spending cuts. house speaker john boehner and eric cantor arrived at the meeting together. but it was cantor who set off the storm earlier today just hours ago by announcing he could not support the senate bill that was approved this morning at 2:00 a.m. house democratic leader nancy pelosi attempted to put pressure on tonight. she posted this on twitter saying quote, strong majority of house democrats support the bipartisan senate bill that passed 89-8. confident it will pass and speaker boehner allows an up or down vote. and republicans like congressman jack kingston of georgia blame the senate for a hastily written bill. >> it was way past those senators' bedtime. they were blurry eyed when they were reading it. we're trying to fill in the g
. ♪ >>> house republicans staged a new year's day revolt against the senate bill to avoid the fiscal cliff. good evening. i'm richard lui. you're watching the standoff in washington, d.c. the house gop is meeting at this hour for the second time today. leadership and members are discussing how to move forward on a bill they say need to include spending cuts. house speaker john boehner and eric cantor arrived at the meeting together. but it was cantor who set off the storm earlier...
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last minute talks in the final hours of the fiscal cliff talks. we'll follow all of it, msnbc, the place for politics. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> right now on capitol hill, senate democrats and republicans are working on a deal to avert the fiscal cliff, but time is running out. they now have less than 30 hours to work it out. if we do go over the fiscal cliff
last minute talks in the final hours of the fiscal cliff talks. we'll follow all of it, msnbc, the place for politics. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more...
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cliff negotiations but given that he and democrats have put everything they can on the table and republicans still won't compromise what hope is there in striking a deal that doesn't leave the middle class high and dry and later the fuels for newtown connecticut victims may have finally ended but unfortunately funerals for gun victims in america never truly stop another story of a mass shooting and how the n.r.a. is more interested in saving profits than saving lives. and we begin tonight with occupy wall street during the heyday of the occupy movement last year if you were lucky enough to walk through one of the encampments as i was frequently here at occupy d.c. here to see a community built as an example of what our nation should be striving for you would have seen health care provided for free no for profit health insurance leeches looking to squeeze as much money as they can out of family caring for a sick child you also want to see education provided for free and healthy food provided for free and shelter provided for free see when it comes to basic essentials the for profit motive. wa
cliff negotiations but given that he and democrats have put everything they can on the table and republicans still won't compromise what hope is there in striking a deal that doesn't leave the middle class high and dry and later the fuels for newtown connecticut victims may have finally ended but unfortunately funerals for gun victims in america never truly stop another story of a mass shooting and how the n.r.a. is more interested in saving profits than saving lives. and we begin tonight with...
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what seems to be a bitter stalemate between democrats and republicans on the fiscal cliff, we have learned of a bit of change this evening with the negotiations. for one, we have learned that the senate will reconvene tomorrow at 11:00 a.m. that means no decision tonight. we have also learned senator mitch mcconnell, the republican minority leader, has had conversations directly with vice president biden. mcconnell had been working with senate majority leader harry reid, but he and biden have gotten things done when working together in the past. can they do it now? let's go to dana bash. dana, what do you think? is it promising? can they go it now? >> reporter: well, let's start there. it certainly has happened before between these two men, and it's happened before when democrats on capitol hill are either split or have gotten, frankly, just too frustrated with the republican counterparts to have conversations to be able to find bipartisan agreement. these are the two men who negotiated an extension of the bush era tax cuts for two years. that happened two years ago when republicans had a
what seems to be a bitter stalemate between democrats and republicans on the fiscal cliff, we have learned of a bit of change this evening with the negotiations. for one, we have learned that the senate will reconvene tomorrow at 11:00 a.m. that means no decision tonight. we have also learned senator mitch mcconnell, the republican minority leader, has had conversations directly with vice president biden. mcconnell had been working with senate majority leader harry reid, but he and biden have...
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cliff and the republican haves the boehner rule to ask for a dollar in cut for every dollar the limit is extended. the debt limit being money that we have paid and obligation to pay. and so, if democrats and republicans aren't come together now, and a month and a half from now republicans come back to the table and say we need more cuts, i don't know what the president is going to look to to cut. seems like a complicated mess that they have on their hands and the more clarity they get now, the easier it's going to be in a few weeks from now. if they get a small deal that leaves no path forward on the bigger issues i think that we'll be here in a month and a half talking about the same things. >> thank you so much, meredith and david. >> thank you. >> thank you. >>> a huge winter storm packed with snow and sleet out of the midwest and heading towards the eastern seaboard. blizzard warnings from arkansas to illinois. wintry mix is expected in the northeast. it's the same storm system that sparked a tornado outbreak in the south yesterday. these pictures of mobile, alabama. the twister c
cliff and the republican haves the boehner rule to ask for a dollar in cut for every dollar the limit is extended. the debt limit being money that we have paid and obligation to pay. and so, if democrats and republicans aren't come together now, and a month and a half from now republicans come back to the table and say we need more cuts, i don't know what the president is going to look to to cut. seems like a complicated mess that they have on their hands and the more clarity they get now, the...
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to avoid the fiscal cliff and deal with the deficit in a balanced way. in fact, as we know, republicans like tom cole, a very conservative member from oklahoma, and others have said that that approach makes sense. and yet the speaker refuses to allow a vote on that proposal. and so allow democracy to work and so far unfortunately, speaker boehner has been held captive with the tea party wing of the republicans in the house, which voted down his own proposal just about a week ago, because he said, well, we should ask folks making over $1 million to pay more. his caucus said no. so what we're saying is, let the whole house, democrats and republicans, vote on the president's proposal. let democracy work its will. worst case scenario is that would be defeated. but you don't know until you hold a vote in the house of representatives. that's how democracy is supposed to work. it's not supposed to allow a small, extreme group within the republican caucus to dictate terms to the country. >> there is some indication from the hill that the call to bring vice presi
to avoid the fiscal cliff and deal with the deficit in a balanced way. in fact, as we know, republicans like tom cole, a very conservative member from oklahoma, and others have said that that approach makes sense. and yet the speaker refuses to allow a vote on that proposal. and so allow democracy to work and so far unfortunately, speaker boehner has been held captive with the tea party wing of the republicans in the house, which voted down his own proposal just about a week ago, because he...
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just hours until the fiscal cliff deadline, house republicans have pulled a plug. this, after both senate and white house made it clear a deal was very close. >> president obama told supporters this afternoon that there has been progress in avoiding a hike in middle class tax autos preventing that tax hike has been my top priority. >> the president said the deal being worked outwqjx between the senate republican leader mcconnell and vice president will extend current tax rates for households making up to $450,000 per year, increasing estate tax rate from 35% to 40%, and extend unemployment benefits one year. sticking spoint how long to push off massive mandatory spending cuts to the pentagon and domestic program goesing into affect in the new year, democrats want a one year extension, republicans insifrting on sooner. the president issued this warning about cuts only strategy. >> if they think that is going to be the form larks they've got another thing coming. it's not how goitsing to work. >> republicans bristledíróqj2lt remarks. >> it was dismissive and insul
just hours until the fiscal cliff deadline, house republicans have pulled a plug. this, after both senate and white house made it clear a deal was very close. >> president obama told supporters this afternoon that there has been progress in avoiding a hike in middle class tax autos preventing that tax hike has been my top priority. >> the president said the deal being worked outwqjx between the senate republican leader mcconnell and vice president will extend current tax rates for...
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as i have said to you from day one, democrats want the fiscal cliff. howard dean said on your program, it is the best deal that they are going to get. the republicans would never go along with and they are going to get tax raises on rich people. and when we go off the physical cliff congress goes back into session. republicans are blamed for the bad economy and roger is right. the three programs, social security and medicare and medicaid have been untouched. roger, the reason i give this one cheer out of three cheers, i think he is right. the democrats are salivating to demonize and this deal is the best they are going to get. >> in this one, some people say, that the real hidden agenda is to break the pledge on tax cuts and break the republican party in two. do you agree with that? >> if we break the party is done. >> and you heard what the great roger stone said. is mr. obama in it to break the party or the gop? >> as a democrat, i wish that, but the reality is he is far more liberal than they think he s he wants the deal. regardless of what howard d
as i have said to you from day one, democrats want the fiscal cliff. howard dean said on your program, it is the best deal that they are going to get. the republicans would never go along with and they are going to get tax raises on rich people. and when we go off the physical cliff congress goes back into session. republicans are blamed for the bad economy and roger is right. the three programs, social security and medicare and medicaid have been untouched. roger, the reason i give this one...
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. >> gregg: congress is not only facing a fiscal cliff, it's up a dairy clarify, if you will. the current farm bill is set to expire on new year's day. if an extension of that is not passed, the farm policies would revert to laws back to 1949 and cost of milk, that could skyrocket. back then the government used a formula to calculate dairy prices that is much more expensive than it is today. one option said to be on the table is short term extension that would prevent milk prices from rising. >> arthel: to other stories. a judge ordering a psychiatric evaluation for a woman suspected of shoving a man off a new york public is way platform. he was arraigned last night on murder and hate crime. she confessed to pushing a man in front of a moving train telling them, i hindus and muslims. co-worker was was behind due. >> gregg: two missing boys from georgia have been found in texas an amber alert was issued, ages nine and seven when they didn't come back from a visit from their dad on wednesday. somebody recognized the trio and caught up with them in austin. now their father is fac
. >> gregg: congress is not only facing a fiscal cliff, it's up a dairy clarify, if you will. the current farm bill is set to expire on new year's day. if an extension of that is not passed, the farm policies would revert to laws back to 1949 and cost of milk, that could skyrocket. back then the government used a formula to calculate dairy prices that is much more expensive than it is today. one option said to be on the table is short term extension that would prevent milk prices from...